FGN Savings Bond: InfoWARE releases fully automated subscription module
The first sale of the much awaited FGN Savings Bond made its debut on Monday 13th March 2017. Stockbrokers and other stakeholders in the capital market see the introduction of the FGN Savings Bond as a game changer and a huge opportunity to bring new retail investors to the capital market.
There is no doubt that this new investment instrument is an opportunity which provides the needed investment returns boost to the retail investor and generates significant revenue for accredited stockbrokers. But the big question is “how can you manage the processing of the FGN Savings Bond without increasing your operational cost?”
InfoWARE at her CEOs Think-Tank Breakfast Meeting held last week demonstrated an end-to-end automated online subscription process for the FGN Savings Bond. The application platform allows both new and existing clients subscribe to the FGN Savings Bond electronically. Furthermore, with the InfoWARE Online Payment System integrated into the platform, investors can make payment electronically thereby fulfilling the regulatory requirement of “none cash” subscription.
This new platform which even includes InfoWARE’s online real time chat will enable stockbrokers easily reach their customers anywhere in the country or anywhere in the world and achieve high scale with no increase in manpower costs. And to top it off, InfoWARE’s robust Business Intelligence & Analytics will provide our stockbroker customers an added advantage of having complete business insight into the information that this FGN Savings Bond will generate thereby creating other potential business opportunities for them.
As the Industry technology leader, InfoWARE is committed to being proactive in delivering solutions that not only meet and exceed our customers’ expectations but also being continuously ahead of the curve in customer and industry needs and innovations. We put our customers first and cap it off with unparalleled service and support.